Buckley Wealth Management LLC Sells 1,047 Shares of Alphabet Inc. (NASDAQ:GOOG)

Buckley Wealth Management LLC lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 10.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,623 shares of the information services provider’s stock after selling 1,047 shares during the quarter. Buckley Wealth Management LLC’s holdings in Alphabet were worth $1,313,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Bruce G. Allen Investments LLC bought a new stake in shares of Alphabet in the 4th quarter worth about $26,000. Partnership Wealth Management LLC bought a new stake in shares of Alphabet in the 4th quarter worth about $26,000. Equitec Proprietary Markets LLC bought a new stake in shares of Alphabet in the 4th quarter worth about $28,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Alphabet in the 4th quarter worth about $32,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in shares of Alphabet in the 4th quarter worth about $34,000. Institutional investors own 27.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on GOOG. Rosenblatt Securities downgraded shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price target on the stock. in a research note on Friday. Stifel Nicolaus raised their price target on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Oppenheimer raised their price target on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a research note on Thursday, April 11th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $167.86.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total transaction of $105,566.78. Following the completion of the transaction, the chief accounting officer now owns 29,284 shares in the company, valued at approximately $4,532,870.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $155.67, for a total transaction of $3,502,575.00. Following the completion of the transaction, the chief executive officer now owns 2,325,513 shares in the company, valued at approximately $362,012,608.71. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total transaction of $105,566.78. Following the transaction, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at approximately $4,532,870.36. The disclosure for this sale can be found here. Insiders have sold a total of 146,284 shares of company stock valued at $24,534,393 in the last 90 days. Insiders own 12.99% of the company’s stock.

Alphabet Stock Down 0.8 %

NASDAQ GOOG traded down $1.57 during trading on Friday, reaching $185.29. 8,089,655 shares of the company’s stock traded hands, compared to its average volume of 21,190,682. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. The firm has a market cap of $2.29 trillion, a price-to-earnings ratio of 28.46, a price-to-earnings-growth ratio of 1.39 and a beta of 1.01. The company’s 50 day simple moving average is $173.26 and its two-hundred day simple moving average is $154.97. Alphabet Inc. has a 12-month low of $115.83 and a 12-month high of $187.50.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.38. The business had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 EPS. As a group, sell-side analysts forecast that Alphabet Inc. will post 7.6 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a — dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is 12.27%.

Alphabet Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.